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You are considering investing in a security that will pay you $2,000 in 35 years. a. If the appropriate discount rate is 9 percent, what

You are considering investing in a security that will pay you $2,000 in 35 years.

a.If the appropriate discount rate is 9 percent, what is the present value of thisinvestment?

b.Assume these investments sell for $323 in return for which you receive $2,000 in 35 years. What is the rate of return investors earn on this investment if they buy it for $323?

a.If the appropriate discount rate is 9 percent, the present value of this investment is $

nothing

. (Round to the nearestcent.)

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